If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

The amount of upheaval to a business when losing a project manager can be nothing short of chaotic and often leads to waste of both valuable time and money, not to mention poor employee morale and higher turnover. Most businesses do not consider that one great solution is to hire a consultant whose focus is on interim management for situations just like this. Next we will give details about how an interim manager can help.

Firstly, interim management consultants are very experienced in the intricacies of project management, and are respected and highly regarded by their peers in the field. Therefore, the client can be sure that they are hiring the best person to take on challenging business change projects. Selecting an interim management consultant certified by the Institute for Change Management (ICM) is a great way to ensure that the best person is hired for the job.

Secondly, interim management consultants, unlike most traditional management consultants, have specialized training in the management of business change. Traditional project managers are skilled in guiding a project from start to finish, whereas interim management consultants have additional skills and talent in taking an incomplete, floundering project and putting it back on track.

Hiring an interim manager is a proven strategy for success. Interim managers tend to complete projects 25 percent faster than traditional managers and this is supported by a study by the Institute of Project Strategy in Business (IPSB). They were more efficient too and their projects tend to be more likely to meet deadlines: 72 percent completed on time compared to 60 percent of projects that were led by traditional managers.

Business owners and managers realize that high turn-over causes lowered profits and stockholder distress. Turn-over can effectively be decreased by utilizing interim management. Employees will feel confident about their job and are much less likely to leave a company if they feel they are receiving good leadership and guidance from an interim manager.

There are many reasons that companies may choose to hire interim managers. High-value projects may be in disarray after the previous manager’s departure, or a manager with a poor track record may have just been terminated. It makes good business sense to hire an interim manager to help complete projects, leading to improved profits and reduced employee turnover.

Losing a project manager can lead to chaos and lost time and money. Fortunately, hiring an interim manager can prevent this. Interim management consultants are certified to handle difficult business change projects effectively, since their training specializes in getting floundering projects back on track. Interim managers are a proven way to increase the probability that projects are completed on time. In addition, interim managers lead to less employee turnover, higher profits, and happier shareholders. To improve your project management, make sure that you have a provision for hiring an interim manager.